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> round three: big blues - ibm is changing its 401k contributions to a yearly lump sum. good idea or bad? > > i just think that if people see this, they might take ibm as a leader in the industry and other companies might do this. i don't think it really matters. ibm is such a great job at a great company to work for, anybody that has that job will take it any day of the week. > > yeah, but you have to understand, if you leave your job in the middle of the year, you don't get- > > you're going to turn down a job from ibm consulting? absolutely not. > > think of all the money they can save over the years. they have 433,000 employees. > > unemployment rate was just at 7.5%. you are not turning down a job from ibm regardless. > > it can hurt a lot of employees if they follow that cue, and the workers will lose out. the problem is we've got record profits, but wages have not kept pace. so, somebody is winning this game, and it might be ibm once again. > time now for the bonus round question: true or false - coca- cola created the modern-day image of santa claus? true or fals
> round three: big blues - ibm is changing its 401k contributions to a yearly lump sum. good idea or bad? > > i just think that if people see this, they might take ibm as a leader in the industry and other companies might do this. i don't think it really matters. ibm is such a great job at a great company to work for, anybody that has that job will take it any day of the week. > > yeah, but you have to understand, if you leave your job in the middle of the year, you don't get-...
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i have to tell you, ibm, you do not think of ibm as cutting edge and technology, when it comes to this kind of thing, a lot of people watch what this company does. ashley: with the glass half-full, a lot of companies not offering 401(k)s. at least they are kicking in some money. gerri: you know, look, i heard somebody on our air today say why do companies even do this in the first place. i have to tell you, we have a retirement crisis in this country. i want to see people get as much help as they can. they came out with a nearly 30 year study of retirement assets. the system is successfully providing adequate retirement resources to american. no, that average retirement cash is $30,000. people do not have enough money set aside. i understand what they are trying to do, they are trying to make their mutual fund managers happy. for us to close our eyes and pretend everything is okay when it is not is a tragedy. tracy: ibm also thinking it is a retention issue as well. they will keep you until you get that match. [talking over each other] gerri: there will be cases where people cannot. th
i have to tell you, ibm, you do not think of ibm as cutting edge and technology, when it comes to this kind of thing, a lot of people watch what this company does. ashley: with the glass half-full, a lot of companies not offering 401(k)s. at least they are kicking in some money. gerri: you know, look, i heard somebody on our air today say why do companies even do this in the first place. i have to tell you, we have a retirement crisis in this country. i want to see people get as much help as...
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Dec 7, 2012
12/12
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CNBC
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but what's the real ben fet efi ibm? >> they save on administrative and accounting and they may have even constudies that indicate they'll actually save by make being the lump sum payment because you don't have to put it in certain times of the year and there may be overall cost savings for them. i don't think this is good news for employees at all. it's not just the loss of dollar cost averaging. i think that people may end up putting in less to their account and that's the overall issue. >> i guess savings might accrue from a fact if a worker leaves in july, ibm will have put nothing in for their worker or september or october or whenever. you got to be there into late december to get something so there are some savings there, but beyond that i don't get it. >> i bet what they're doing here is investing part of this money during the year and so they're taking the money that you would be earning if you were paid throughout the year and being a crewing it to themselves. i think it is a terrible deal for workers. what it
but what's the real ben fet efi ibm? >> they save on administrative and accounting and they may have even constudies that indicate they'll actually save by make being the lump sum payment because you don't have to put it in certain times of the year and there may be overall cost savings for them. i don't think this is good news for employees at all. it's not just the loss of dollar cost averaging. i think that people may end up putting in less to their account and that's the overall...
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♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement progra instead of contributing to its employees 401(k) over time, the company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business is the ide that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, he advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader in employee you
♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement progra...
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Dec 24, 2012
12/12
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FBC
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ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time the company will have to contribute a lump-sum payment once a year the move undermines the very idea of retirement savings. the attraction of a 401(k) isnes the idea the level of what you pay for investments over time. prices go up, prices go down, overtime advisors say you average out your risks and your cost. but with ibm's new plan, theh advantage largely disappears.. this wouldn't be such a big deal, but ibm has consideredle elite in employee benefits. blazing the trail of innovative policies. in other big companies are sure to follow ibm's lead.t now look, to be sure, shareholders may like the idea because it could save millions of dollars per year ines compensation expenses but employees close to retirement and desperately trying to makee up for losses from the great recession are not going to be so happy.. and also one thing we should sat to be fair, good ibm has a 401(k) plan and contributing too it. but i want to make
ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time the company will have to contribute a lump-sum payment once a year the move undermines the very idea of retirement savings. the attraction of a 401(k) isnes the idea the level of what you pay for investments over time. prices go up, prices go down, overtime advisors say you average out your risks and your cost. but with ibm's new plan, theh advantage largely disappears.. this wouldn't be such a big...
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ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time, the company will opt to contribute a lump-sum payment once per year. this may not sound likea big change, but the move undermines the very idea of retirement savings. lo, the attraction of a fox business is the idea hat you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you avere out your risks and your cost. i call it dollalar cost averagi. but with ibm's new plan, the advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader in employee you benefits. the company believes is the trail with innovative policies. and other big companies are sure to follow the lead. now, to be sure shareholders may like to move because it will save the company millions of dollars a year in compensation expenses. but employees who are close to retirement and desperately trying to make up for losses from the ecessionare not going to be so happy. and al
ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time, the company will opt to contribute a lump-sum payment once per year. this may not sound likea big change, but the move undermines the very idea of retirement savings. lo, the attraction of a fox business is the idea hat you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you avere out your risks and your cost. i call it dollalar cost averagi....
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connell: ibm is a huge company, obviously. you could have a lot of layoffs or a lot of people quitting. suddenly unbalanced in the way the labor force is instructed. >> it could drive whether people decide to take retirement packages or not. the way ibm has structured it, if we retire, you still get the match. it may even be something kind of subtle in your decision-making. it just has a lot of ramifications. dagen: so many companies cut match during the financial crisis of 2008. are we back to the precrisis levels yet? >> it depends on who you ask. it is hard to track. there is a lot of data that shows we are not back to where we were. there are companies that a lot of companies that have fully restored it. there are others that have turned it as they have restored it. they have not done it to the previous level they had in the past. connell: terrific story. thank you for coming up and talking with us. dagen: thank you, kelly. have a great weekend. it is stocks now and every 15 minutes. nicole: a winning day here. the tech he
connell: ibm is a huge company, obviously. you could have a lot of layoffs or a lot of people quitting. suddenly unbalanced in the way the labor force is instructed. >> it could drive whether people decide to take retirement packages or not. the way ibm has structured it, if we retire, you still get the match. it may even be something kind of subtle in your decision-making. it just has a lot of ramifications. dagen: so many companies cut match during the financial crisis of 2008. are we...
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taking money away to my mind y be good for ibm at micro level but macro level not what we need. we need more cash in the consumer's pockets. melissa: that is absolutely true, jonathan. companies have tdo, now they're backed in this corner. they can't speak out against washington because they get punished for that. they have the health care costs coming down. everyone's taxes are going up. they have to nd ways to make ends meet. i think the fact that ibm is even still matching at all and didn't do away with the whole program is amazing. >> kudos to ibm here's a company not only is the stock doing well they pay contribute, 10% of an employees income to retirement fund. that is called being aood employer. you know what? employment is like that. has to be mutually beneficial. good for the employer and good for the employee. jim is the best example when companies let compensation costs get out of hand. they're keepin their books in order. i wish washingn could do the same thing. melissa: let's keep wishing for that. stick around. we have much more with the power panel. could the plat
taking money away to my mind y be good for ibm at micro level but macro level not what we need. we need more cash in the consumer's pockets. melissa: that is absolutely true, jonathan. companies have tdo, now they're backed in this corner. they can't speak out against washington because they get punished for that. they have the health care costs coming down. everyone's taxes are going up. they have to nd ways to make ends meet. i think the fact that ibm is even still matching at all and didn't...
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saves ibm millions. check the big board. where are we this jobs friday? 1/2 hour into the session we are up 30 to points the dow above 13,100. it is job friday. here is an appropriate company. monica crowley is with us. keep the organ, chief executive officer scott page is here. nicole petallides on the floor of the new york stock exchange. let's go with apple. they opened higher today. now they have moved fraction down. tell us what apple is in the news, tell me where it is. nicole: apple is to the downside. we have talked about it so much all week long, the 50 day moving average is below the 200 day moving average. it was somewhat inevitable. it happened today so now you look at key levels. below areas where people are looking at buying was 518 at yesterday's's low or 505. on the other side, the upside, the resistance here is going to be around 601. stuart: if you get to 601 you expect a wave selling and 518 or 505 you waver coin. that is 545 or 550, right in the middle, that is where it is. i think i have got it. thank you very much. let's get to the b
saves ibm millions. check the big board. where are we this jobs friday? 1/2 hour into the session we are up 30 to points the dow above 13,100. it is job friday. here is an appropriate company. monica crowley is with us. keep the organ, chief executive officer scott page is here. nicole petallides on the floor of the new york stock exchange. let's go with apple. they opened higher today. now they have moved fraction down. tell us what apple is in the news, tell me where it is. nicole: apple is...
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Dec 7, 2012
12/12
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explain how that could work. >> it's a bell weather company with a highly rated 4011 k plan, but ibm is making big changes to its 401(k) plan starting next year. it's going to be giving its employee matching contribution only once a year at the end of the year rather than with each paycheck. ibm says it's doing this with its 401(k) plan because it is part of its continuing commitment to invest in its company's 401(k) plans while maintaining business competitiveness in a challenging economic environment. now, how exactly is this going to work? well, ibm is going to continue to contribute 6% to 10% of an employee's pay, depending on what that employee puts in. that employee will not qualify for the plan if they leave the company, unless they retire. so they will not get that matching contribution. companies offering an annual matching contribution, this is not new. there are about 14% of companies that currently do so, giving their matching contribution to the employee only once a year. this is according to the plan sponsor council of america. what's different, though, retirement plan
explain how that could work. >> it's a bell weather company with a highly rated 4011 k plan, but ibm is making big changes to its 401(k) plan starting next year. it's going to be giving its employee matching contribution only once a year at the end of the year rather than with each paycheck. ibm says it's doing this with its 401(k) plan because it is part of its continuing commitment to invest in its company's 401(k) plans while maintaining business competitiveness in a challenging...
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Dec 18, 2012
12/12
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five years ibm up 75%, oracle 54%, microsoft down 22%. ibm and oracle also considered annuity type businesses. >> that's certainly a fair point. i think if you were to strip away, of course, the industry context from microsoft and look purely at their financials, there does seem to be a bit of a disconnect in the stock price given growth in earnings and financials overall. i think there's a messaging issue at work. certainly he's not the most telegenic of advocates for microsoft and would like to see the company combine forces really across what has been quite a silent organization. if that's his failure, i can't disagree with that. >> do you have any visibility at all in terms of how much longer he might remain in that position and what candidates, if any, there are to succeed him? >> there have been a lot of conspiracy theories floating around about potential acquisitions and successors. you know, he's nearing an age where a lot of his competitors have retired. i think he will look to step down when he's got something to be proud of. ho
five years ibm up 75%, oracle 54%, microsoft down 22%. ibm and oracle also considered annuity type businesses. >> that's certainly a fair point. i think if you were to strip away, of course, the industry context from microsoft and look purely at their financials, there does seem to be a bit of a disconnect in the stock price given growth in earnings and financials overall. i think there's a messaging issue at work. certainly he's not the most telegenic of advocates for microsoft and would...
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ibm is changing the way it contributes to plans, instead of making payments twice per month, ibm will pay a lump sum. workers who least company would forfeit matching payments, the move ibm says could end up saving them millions of dollars per year. in san francisco, witha/lwj bloomberg west, back to you. have a great weekend. >> john, thank you very much. >> gorgeous out there. >> yes. >> it's remarkable. >> just explaining about this traffic on the embarcadero. sunny skies, cool to mild conditions. looking on the bay, wow, what a gorgeous day here, would you like to be able to fly like an eagle? yeah. yeah. i don't want to sing it. you don't want me too to, either. here is a look. mainly sunny skies and scattered, widely scattered. not for several days as a matter of fact. temperatures into low 60s now. cooler closer to coast. 59 san rafael. 55 in half moon bay. forecast features, clear skies and cold in spots. sunny weekend, milder weather suchbltd and it will be cooler by mid week with a chance of showers. but let's enjoy warmth before that happens. tonight, possibly patches of fo
ibm is changing the way it contributes to plans, instead of making payments twice per month, ibm will pay a lump sum. workers who least company would forfeit matching payments, the move ibm says could end up saving them millions of dollars per year. in san francisco, witha/lwj bloomberg west, back to you. have a great weekend. >> john, thank you very much. >> gorgeous out there. >> yes. >> it's remarkable. >> just explaining about this traffic on the embarcadero....
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lauren: ibm retirement program is getting a makeover. that is not pretty for employees and other companies could follow the lead. that story is next. we could also see a lot more flooding in the future. uh-oh. find out why. ♪ it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron inot for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid cd asnexpected signs of puberty in children or changes report these signs and symptoms to your doctor if they occur. ll yr doctor about all medical conditions and medications. do not use if you haverostate or breast cancer. serious side effects could include creased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, fee or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood cl
lauren: ibm retirement program is getting a makeover. that is not pretty for employees and other companies could follow the lead. that story is next. we could also see a lot more flooding in the future. uh-oh. find out why. ♪ it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron inot for use in women or anyone younger than 18. axiron can transfer to others...
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Dec 6, 2012
12/12
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WBAL
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ibm, also charitable trust. we're going to keep kellogg, we're going to -- oh, boy, penpal's going to get mad at me, but we can't have both of these. we're going to swap out the general mills put in bristol-myers and own jpmorgan, a bank stock and then we will have diversification. ♪ hallelujah >> that makes me feel at home. let's go to scott in west virginia. scott? >> caller: hey, jim. i've got kellogg, k, norfolk southern, nfc, disney, dis, abbott laboratories, abt, bank of america, bac. >> mountaineers, wasn't their year, like that team, though. okay. here we go. disney, bob iger is doing a remarkable job. did anyone else like it besides me after that quarter? i stuck by it. bank of america, financial, abbott drug company, norfolk southern transportation, kellogg food, it's a food, transport, drug, entertainment, bank, bingo, perfect! i wouldn't change a thing. "mad money" back after the break. ♪ ♪ ♪ [ jim koch ] sam adams winter lager. it'll warm your cockles, whatever cockles are. [ laughter ] mike
ibm, also charitable trust. we're going to keep kellogg, we're going to -- oh, boy, penpal's going to get mad at me, but we can't have both of these. we're going to swap out the general mills put in bristol-myers and own jpmorgan, a bank stock and then we will have diversification. ♪ hallelujah >> that makes me feel at home. let's go to scott in west virginia. scott? >> caller: hey, jim. i've got kellogg, k, norfolk southern, nfc, disney, dis, abbott laboratories, abt, bank of...
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Dec 13, 2012
12/12
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FBC
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ibm, nobody pays attention for the most part. and the benefits world, it sets the gold standard, doesn't? >> it does. tracy: so they decided they're not going to match dollar for dollar. why? >> some of your prior statements, we were talking about how unions influence how obamacare is doubling and tripling the health care costs and how much individuals are having to pay. when you look at it, if you're running a business and you only have so much money available to you, you have to choose carefully. he said keep that money in the coffers earlier. it is a strategic move due to the uncertainty. at least they are not taking it away. that is something worth mentioning. it is more of a defensive posture to say let's really make sure that we can continue to be a viable entity. tracy: it's interesting that you think obamacare could be part of the decision process. we are saying that we need to hold onto our own cash. the problem is you could be buying in at the market high points. >> well, if that is the only thing you are counting on is
ibm, nobody pays attention for the most part. and the benefits world, it sets the gold standard, doesn't? >> it does. tracy: so they decided they're not going to match dollar for dollar. why? >> some of your prior statements, we were talking about how unions influence how obamacare is doubling and tripling the health care costs and how much individuals are having to pay. when you look at it, if you're running a business and you only have so much money available to you, you have to...
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Dec 22, 2012
12/12
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CNBC
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and analysts that i checked in with say that ibm has come on very strong. >> ibm is our strongest competitor. we beat them every single time in terms of technical performance. they do have strong relationships and at the end of the day we have to be three years ahead of the competition and we believe we are. >> okay. you had 25 deals that were over 1 million. last year you had 28 deals over 1 million. should we believe that therefore the momentum here has slowed to a point where it's noticeable? >> no, no. you have to remember, jim, over the last three years we have grown 38%. grown our top line almost 20%. parts of our business like visual analytics that grew. our metrics are generally strong. you have to remember that even in our disaster quarter, this was a disaster for us we still arguably did better than oracle did in their victory lap quarter and that's after spending $40 billion to $50 billion buying companies. our performance was a disaster. we know what we need to do to fix it and we will. >> you're a stand up to come on the show. i saw preannouncement i hoped you would come on. thi
and analysts that i checked in with say that ibm has come on very strong. >> ibm is our strongest competitor. we beat them every single time in terms of technical performance. they do have strong relationships and at the end of the day we have to be three years ahead of the competition and we believe we are. >> okay. you had 25 deals that were over 1 million. last year you had 28 deals over 1 million. should we believe that therefore the momentum here has slowed to a point where...
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Dec 6, 2012
12/12
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WBAL
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trivia shows and game shows, i feel like ibm out of it if i do not know the subject. this is just people being human. you can guess is they are lying, bluffing, are they playing the game, stealing -- it is an amazing game. we all played something like this. >> your taking the prize is out of your own beer rushed? >> yes, i have hovercraft and submarines. no, i wish. i've never seen prices like this in my life. >> craziest holiday gift you have never gotten? >> a $3 gift certificate for a kite store. >> that is definitely crazy kid >> i bought half of a school of kete string. >> great to have you. >> i look forward to doing the show. >> howie mandel. catch "take it all" next week. coming up next, your maryland lottery numbers, and dr. patrick allen answers your pet questions. e-mail them to pet questions, wbal, 3800 hooper avenue, baltimore, maryland, 21211 -- baltimore, maryland, 21211 -- petquestions@wbaltv.com it's about getting fios. that moment after you finally got it, that you actually get it. when you can see blades of artificial grass in their full glory, you
trivia shows and game shows, i feel like ibm out of it if i do not know the subject. this is just people being human. you can guess is they are lying, bluffing, are they playing the game, stealing -- it is an amazing game. we all played something like this. >> your taking the prize is out of your own beer rushed? >> yes, i have hovercraft and submarines. no, i wish. i've never seen prices like this in my life. >> craziest holiday gift you have never gotten? >> a $3 gift...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
12/12
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SFGTV2
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in ibm research, one of the things we talk about is our laboratories. i have been all over the world, live in different countries. i am a relatively recent transplant to california. i would like to let the governor know that i am happy to be here. it is a good space. recently, governor brown has spent a lot of time, focus, and effort making california a better place. focus on eliminating waste, increasing efficiency, decreasing the budget deficit, and real focus that we appreciate in northern california on clean energy. for example, moving the state's goal to be 33% clean energy producing. it is my privilege to welcome governor brown to the panel. [applause] >> and to introduce our next panelist, i would like to welcome steve ballmer, senior bp -- vp. >> good morning and thank you. next up is governor hickel lipper -- hickenlooper. he is the serieaal a entreprener each of you have in your respective parts. he became very successful in the brew pub business. he never had a single election not even for stink -- a student council. governor? [applause] in k
in ibm research, one of the things we talk about is our laboratories. i have been all over the world, live in different countries. i am a relatively recent transplant to california. i would like to let the governor know that i am happy to be here. it is a good space. recently, governor brown has spent a lot of time, focus, and effort making california a better place. focus on eliminating waste, increasing efficiency, decreasing the budget deficit, and real focus that we appreciate in northern...
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Dec 2, 2012
12/12
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CSPAN
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. >> the last thing i did before i let the public school system is i was with a president at ibm and he said you had been a good friend but you have done we did not done enough for our schools. here is the idea. i would like to create a school, mix it with a four year high school and train people to be technicians. at the end of six years, if they get out of the school, they get their associates degree and you ibm certificate them in technology. if they meet your criteria, you hire them. to his great credit, he agreed to do this. we opened a school in new york city year-ago and people are lined up around the block to get into it. it is such an exciting -- everybody said you cannot mix your community college with k- 12. the bureaucrats worship at different churches say cannot mix them. and you cannot bring the business people because only the educators can cert. what would they know about that brought the mark that i admire most said what to do, he does it bloomberg is a great school. so he said all right, i will give you one too. dated five of them in chicago. -- he gave them five of
. >> the last thing i did before i let the public school system is i was with a president at ibm and he said you had been a good friend but you have done we did not done enough for our schools. here is the idea. i would like to create a school, mix it with a four year high school and train people to be technicians. at the end of six years, if they get out of the school, they get their associates degree and you ibm certificate them in technology. if they meet your criteria, you hire them....
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. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layoff nearly 100 workers before christmas. >>> finally, 'tis is the season for a holiday party essential, at least the fun holiday paerlts, the ugly christmas sweater. what if you don't owe one? there's one high schooler who can help you out with that. he buys them up and sells them on his website for, get this, 20 to 50 bucks each. he does this all from his parents' basement. little zuckerberg in the making. >>> coming up, shoppers and everybody else who rides an escalator, beware. we have a story for you. >>> plus, a house engulfed in flames with family still inside including a loved one who lost its home to hurricane sandy. this has a somewhat happy ending. you're watching "early today" . >>> 3, 2, 1! >> look at that. that was president obama and
. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layoff nearly 100 workers before christmas. >>> finally, 'tis is the season for a holiday party essential, at least...
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Dec 7, 2012
12/12
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CNBC
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it's cheap relative to ibm and oracle and other high-quality tech peers. this is an unbelievable company. unbelievable suite of products. yes, the concerns about margin are out there, but they're overblowing it. i think now is a great time to buy. certainly around the 530 would be good support for this stock. >> john, right now apple is not trading off of fundamentals. the story is about the chart. this chart is break down. bertha mentioned right before we came on about the death cross. my team today, we looked at death cross. am experienced the death cross 21 times since 1984. we ran some forward returns and found over the next 5, 10, and 20 days apple has weakness. we don't see science of positive returns until 40 days. that's two months from now wekds positive returns on average. i think we have lower to go here. >> actually, i think you have fairly good seasonal strength in december and january through iphone sales. i think that's run with of the big catalysts for the company. you've got this product. you recently signed an agreement with sprint. you h
it's cheap relative to ibm and oracle and other high-quality tech peers. this is an unbelievable company. unbelievable suite of products. yes, the concerns about margin are out there, but they're overblowing it. i think now is a great time to buy. certainly around the 530 would be good support for this stock. >> john, right now apple is not trading off of fundamentals. the story is about the chart. this chart is break down. bertha mentioned right before we came on about the death cross....
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Dec 8, 2012
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. >> caller: and i have a question for you about ibm. i've owned it since the beginning of the year and it's gone down significantly. although today it's gone up just a bit. and i understand that the company is changing what they give to the employees for their 401(k) interest. is that going to be a negative for the company? >> no. sylvia, we're fine. ibm, we started -- we owned it for a long time for actionalertsplus.com, my charitable trust, sold it after it had a big run. now buying again. steph ewing, co-director with me, we both think this is one of the cheapest stocks out there. don't forget, warren buffett agrees with us. you know i never recommend stocks on this show on takeover rumors, but i think there's more to dst. it's unlocking its value, even if it doesn't catch a bid. i think it is worth a lot. dog sam tom. dst. don't move. "lightning round" is next. >> announcer: coming up -- >> we're going to do some work on this. >> announcer: you sent cramer back to the books. now he's got the answers you need. plus, jim responds to y
. >> caller: and i have a question for you about ibm. i've owned it since the beginning of the year and it's gone down significantly. although today it's gone up just a bit. and i understand that the company is changing what they give to the employees for their 401(k) interest. is that going to be a negative for the company? >> no. sylvia, we're fine. ibm, we started -- we owned it for a long time for actionalertsplus.com, my charitable trust, sold it after it had a big run. now...
SFGTV2: San Francisco Government Television
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Dec 4, 2012
12/12
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you can move up in their ranks as if you are working for apple or ibm. you can move from a regular employee to ceo. in the black community, it is not like this. it is not structured like that. there is no one at sagging or telling you how to operate. there is a term in the black community called a one-man army. it is someone who acts alone. he did not bring anybody with them, he is called a one-man army. he does not have to report to anybody. none of that. i do not know if that is worse than a hierarchy. at the end of the day, i mean, it is not a gang. it is a community. i know that i am not going to get the word again abolished from the media, but i want to clarify. as long as you keep putting a label on it, it will have a negative connotation towards these kids. particularly in the black community. [applause] >> we're going to go to some of your questions. the first one is from georgia. what happened to bobby? was he prosecuted for the drive- by shooting? >> when i tell the story, i had asked this. before i answer the question, i want to thank all of t
you can move up in their ranks as if you are working for apple or ibm. you can move from a regular employee to ceo. in the black community, it is not like this. it is not structured like that. there is no one at sagging or telling you how to operate. there is a term in the black community called a one-man army. it is someone who acts alone. he did not bring anybody with them, he is called a one-man army. he does not have to report to anybody. none of that. i do not know if that is worse than a...
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Dec 6, 2012
12/12
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is that a signal the way the old ge and ibm used to be a signal? >> it could be. but i don't think so. i think apple, we're going to see that turnaround next year. apple is up tremendously this year. >> i understand. >> 50%. >> i understand. is it higher capital gains tax coming? people want to take their gains from apple. and maybe other stocks, too. >> it could very well be. we've seen some real big numbers. c-gate sup tremendously this year as well. some people are taking some money off the table with the insecurity with what's going to happen with taxes. i don't think it's going to say to anybody who owns stocks, we're going to just completely wipe you out going forward. going to see a massive pullout of the stock market. that's not what they want. that's not what they've been promoting the last two years. >> gains of 15 to 24%. is that a wipeout? no. why double tax capital? anyway, thank you, danielle hughes, we appreciate it. >>> there is a major stir tonight over a cartoon narrated by actor ed asner. check it out. >> over time, rich people decided they were
is that a signal the way the old ge and ibm used to be a signal? >> it could be. but i don't think so. i think apple, we're going to see that turnaround next year. apple is up tremendously this year. >> i understand. >> 50%. >> i understand. is it higher capital gains tax coming? people want to take their gains from apple. and maybe other stocks, too. >> it could very well be. we've seen some real big numbers. c-gate sup tremendously this year as well. some people...
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Dec 28, 2012
12/12
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how ibm is creating computers that work by touch, feel and even smell. before we take off, a huge thank you to the first business crew for making this a tremendous year. and from all of us here, thank you for watching. >>> oakland police investigating three homicides that happened early this morning. we'll get you the latest information. >>> california highway patrol say they have the driver involved in a deadly hit and run. we'll tell you why they are so sure they've got their man. >>> muni turning 100 years old. the gift it's giving its riders in honor of the centennial celebrations. it's all ahead.
how ibm is creating computers that work by touch, feel and even smell. before we take off, a huge thank you to the first business crew for making this a tremendous year. and from all of us here, thank you for watching. >>> oakland police investigating three homicides that happened early this morning. we'll get you the latest information. >>> california highway patrol say they have the driver involved in a deadly hit and run. we'll tell you why they are so sure they've got...
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Dec 18, 2012
12/12
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ibm says in the next five years computers can taste hear see and touch computers and smart phones and tablets will do it better than humans. those are your tech bites. i am paula ferris. -- faris. >>> it's 6:13 on a tuesday morning. thanks for joining by now you probably heard that theory that the world is going to end on friday. >> all right. as the day that many believe marks the end of the mayan calendar but this guy that guy says he is prepared for what ever happens. >> people are getting prepared for december 21st should be prepared for any possible scenario whether it be the end of days, civil unrest nuclear attack. >> the owner of an army surplus store in dallas techas saysa customer has been stockpiling gas mask and mres and building bunkers. >> there's more information on abc2news.com. we are working for you. with the info you need to know about the mayan calendar. check out abc2news.com and there's a look inside a doomsday survival shelter so you can see what that looks like. >>> we are a week away from christmas. many are heading out of town and if you are thinking about th
ibm says in the next five years computers can taste hear see and touch computers and smart phones and tablets will do it better than humans. those are your tech bites. i am paula ferris. -- faris. >>> it's 6:13 on a tuesday morning. thanks for joining by now you probably heard that theory that the world is going to end on friday. >> all right. as the day that many believe marks the end of the mayan calendar but this guy that guy says he is prepared for what ever happens. >>...
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Dec 7, 2012
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ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i'm actually pretty excited about, so probably those. they're cutting board material actually used in the handle of the knives. >> reporter: and there's no denying it will look good sur la table at this holiday season. erika miller, nbr, new york. >> a lot of people are buying new housewares, i love qooking. >> tom: i do i think is great the house goods category is seeing good growth it says there is confidence in the house market but
ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want....
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Dec 7, 2012
12/12
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. >>> ibm is revamping its retirement program with plans to now contribute to employee 401(k) accounts just once a year in a lump sum payment, disqualifying workers who leave the company before that date. >>> the "wall street journal" reports "the washington post" will soon begin charging for online articles after a certain number of free ones. >>> some sad news out of chicago, where the maker of the academy awards' oscar statuettes is planning to lay off nearly 100 workers before christmas. >>> and finally, 'tis the season for a holiday party favorite. it's that ugly christmas sweater. do you have yours? well, if you don't own one, there's a high schooler that may come in handy for you. he buys them up at flea markets, thrift stores, yard sales, and then he sells them on his website for, get this, 20 to 50 bucks each. 50 bucks for that. and he does this all from his parents' basement. smart cookie there. >>> all right, coming up, shoppers and everyone else who rides an escalator, beware. we've got a story for you. >>> plus, a house is engulfed in flames with a family still inside, inc
. >>> ibm is revamping its retirement program with plans to now contribute to employee 401(k) accounts just once a year in a lump sum payment, disqualifying workers who leave the company before that date. >>> the "wall street journal" reports "the washington post" will soon begin charging for online articles after a certain number of free ones. >>> some sad news out of chicago, where the maker of the academy awards' oscar statuettes is planning to...
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Dec 3, 2012
12/12
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ibm and a lot more. jeff sonnenfeld will join us after sth with the best and the worst run down stories. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >>> welcome back to "squawk box" here, everyone. 2012 has been noted by some management shake-ups. some are good, some are bad and some are ugly. joining us now is jeff sonnenfeld. jeff, it's great to have you here this morning. >> thanks, becky. good to be with you. >> nobody knows corporate management better than you do. wh
ibm and a lot more. jeff sonnenfeld will join us after sth with the best and the worst run down stories. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. nespresso. where i never have to compromise on...